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Monday, September 20, 2021

Yandex will launch its own payment service

Yandex’s service will be similar to the usual Apple Pay, Samsung Pay and Google Pay. As CT journalists found out , users will be able to enter and save their bank card details and make cashless payments using the service. It follows from the company’s documents that Yandex Pay will be available on Yandex’s web pages.

We are constantly developing and improving the possibilities for online payment on Yandex services so that they are convenient and secure. To do this, we are developing new technologies and services, which we will talk about later, ”the company representatives commented.

 

Yandex has developed a fairly extensive network of services, but there are no financial services among them, writes CT, so the company has long planned to develop in this direction. There have already been attempts to take such a step through partnerships with banks, but they all failed. For example, the Yandex.Money payment system quickly came under the control of Sberbank, which received 75%, and after the cooperation was terminated, the entire system went to the bank, but under the name YuMoney.

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